Captrust Financial Advisors Takes Position in HCI Group, Inc. (NYSE:HCI)

Captrust Financial Advisors acquired a new position in HCI Group, Inc. (NYSE:HCI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,469 shares of the insurance provider's stock, valued at approximately $478,000.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its holdings in shares of HCI Group by 1.5% in the 3rd quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider's stock valued at $1,113,000 after buying an additional 155 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of HCI Group by 2.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider's stock worth $561,000 after purchasing an additional 174 shares during the period. GAMMA Investing LLC raised its position in shares of HCI Group by 80.9% in the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider's stock worth $43,000 after acquiring an additional 178 shares during the period. Amalgamated Bank grew its holdings in HCI Group by 10.3% in the third quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider's stock valued at $258,000 after purchasing an additional 225 shares during the period. Finally, Arizona State Retirement System raised its position in HCI Group by 11.3% during the second quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider's stock worth $206,000 after acquiring an additional 227 shares during the period. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HCI. Compass Point restated a "neutral" rating and issued a $120.00 price objective (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. JMP Securities reissued a "market outperform" rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, October 15th. Oppenheimer lifted their target price on HCI Group from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Truist Financial raised their price objective on HCI Group from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, HCI Group has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

HCI Group Stock Up 0.9 %

Shares of HCI stock traded up $1.01 during trading on Friday, reaching $114.24. The company's stock had a trading volume of 55,055 shares, compared to its average volume of 145,553. HCI Group, Inc. has a 1-year low of $81.35 and a 1-year high of $126.50. The stock's 50-day moving average price is $114.02 and its 200 day moving average price is $101.79. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. HCI Group's dividend payout ratio (DPR) is currently 13.37%.

HCI Group Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.